Simplified Procedures For Microfinance Loans

From the Municipal Bureau of labor and social security, it is learned that the laid-off and unemployed persons who participate in entrepreneurship training and issued recommendations by the training group of experts can directly apply for small secured loans. All the borrowers who have proved the feasibility of the project by the expert group and placed more than 3 laid-off workers can give more than 20 thousand yuan loans.

It is learnt that Tianjin small loan guarantees a good function for laid-off and unemployed people to start their own businesses.

Up to the middle of last month, a total of 5194 people participated in entrepreneurship training in Tianjin, of which 1618 had applied for and received small secured loans, and the loan amount was 34 million 100 thousand yuan.

It is also reported that the business plan has become an important basis for the implementation of loan guarantee in this city.

In the future, laid-off workers who have participated in entrepreneurship training and issued recommendations by the expert group of training institutions can apply for small secured loans directly, and exempt other counter guarantee measures. Those who operate the project are proved feasible by the expert group, and the borrowers who have laid off more than 3 laid-off workers can exceed the quota limit of 20 thousand yuan and grant larger loans.